Severfield (LON:SFR) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Severfield plc (LON:SFR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 28.62 and traded as high as GBX 38.30. Severfield shares last traded at GBX 37.85, with a volume of 218,904 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 40 price target on shares of Severfield in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 44.

Severfield Price Performance

The company has a debt-to-equity ratio of 48.45, a current ratio of 1.05 and a quick ratio of 0.98. The firm has a market capitalization of £111.91 million, a price-to-earnings ratio of -3.15 and a beta of 0.92. The stock has a 50 day moving average price of GBX 30.41 and a two-hundred day moving average price of GBX 28.68.

Severfield (LON:SFR) last posted its earnings results on Wednesday, June 24th. The company reported GBX (12.03) earnings per share (EPS) for the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%.The firm had revenue of £454.25 million for the quarter. As a group, analysts expect that Severfield plc will post 8.9704209 EPS for the current year.

Insider Transactions at Severfield

In other Severfield news, insider Paul McNerney purchased 2,716 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were bought at an average cost of GBX 36 per share, for a total transaction of £977.76. 2.94% of the stock is owned by company insiders.

About Severfield

Severfield is the largest specialist structural steelwork group in the UK, with a growing presence in India and Europe and a reputation for performance and innovation.

Operating on an international scale, Severfield is widely recognised for its iconic structures, engineering excellence, and unparalleled customer service.

We have the design, experience and engineering skills to serve a diverse range of market sectors, from education and hospitals to bridges and commercial offices.

We approach every project, from the highly technical to basic structural work, with the same level of safety, professionalism, commitment, care and customer service.

Our people make Severfield the success story it is today.